MPs, heads of over 80 parties to participate in Egypt's economic conference

Gamal Essam El-Din , Saturday 22 Oct 2022

Representatives of more than 80 political parties, plus MPs, will participate in the three-day Egypt Economic Conference 2022, which is due to kick off on Sunday and aims to draw up an economic roadmap for Egypt, the cabinet's spokesperson Nader Saad said on Saturday.

Egypt s economic conference
A pole from a building with a Flag Written on it "The economic conference Egypt 2022"


"The cabinet is keen for representatives of Egyptian political forces – including loyalist and opposition factions – to attend the three-day economic conference on Sunday, Monday and Tuesday," said Saad, adding that "senior government officials, high-profile economists, intellectuals, thinkers and specialists will also attend the conference to reach a common agenda on the country's economic priorities in the coming stage."

“The conference will include three tracks: macroeconomic policies, widening the scope of private sector contribution to the national economy, and drawing up a roadmap for the Egyptian economic priorities in the coming stage,” Nader said.

Nader revealed that prime minister Mostafa Madbouly will open the conference on Sunday by reviewing the country's macroeconomic figures and to what extent it has been flexible in absorbing the shocks of five global crises over the past few years.

He said Madbouly's opening speech will be followed by finance minister Mohamed Maait delivering a statement on the government policies that aim to achieve fiscal discipline and face global crises.

Minister of International Cooperation Rania Al-Mashat will also review the current partnership between Egypt and international lending institutions.

Nader said the third session of the conference's first day will focus on discussing the impact of the war in Ukraine on the Egyptian economy.

Nader also indicated that the second day of the conference will focus on the government's state ownership policy document, which aims to raise the private sector's contribution to the national economy to over 65 percent.

Meanwhile, President Abdel-Fattah El-Sisi has instructed Prime Minister Madbouly to put eight questions raised by the national dialogue's subcommittees on the government's economic policies in the coming stage on the table of the debates of the economic conference.

The national dialogue's general coordinator and head of the Press Syndicate Diaa Rashwan revealed on 20 October that the dialogue's economic subcommittees had sent eight questions to PM Madbouly, asking him to put them on the agenda of the debates of the economic conference.

"We hope the conference's discussion of these questions will be of help to the national dialogue's economic subcommittees when they meet to discuss the country's economic future," said Rashwan, indicating that "the national dialogue proposed by El-Sisi's administration last April will kick off in the very near future."

The eight questions focus on exploring the government's policies on inflation, the exchange rate, the future relationship with the International Monetary Fund, the budget deficit and public debt, private investments, public investment priorities, industry, agriculture, tourism and social justice policies.

Chairman of the Free Egyptians Party Essam Khalil told Al-Ahram Online that "there is a complementary relationship between the national dialogue and the economic conference, and that the participation of politicians in both is important for drawing up the country's future economic policies."

"The eight questions raised by the national dialogue's economic subcommittees are vital and reflect the public opinion, and so they should be on the table of the economic conference's debates," said Khalil, adding that "President El-Sisi's directives that the economic conference discusses these eight questions show that he is serious about taking viewpoints of the public and politicians into consideration when drawing up the country's economic roadmap."

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